ESMA · ESMA_QA_1047 Answer Published

Management and marketing of AIFs by EuSEF and EuVECA managers

Regulation
European Social Entrepreneurship Funds Regulation (EuSEF) Regulation (EU) No 346/2013
Topic
EuSEF
Submitted
2014-03-26
Answered
2014-03-26

Question

Can EuSEF and EuVECA managers manage and market AIFs?

Answer

[ESMA 34-36-253 AIFMD Q&A, 3] Yes. EuSEF and EuVECA managers can manage and market AIFs, since this is not prohibited by the Regulations. However, these managers will not benefit from the passport set out in Chapter III of EuVECA Regulation and of EuSEF Regulation regarding those AIFs which are not EuSEF or EuVECA.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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